The City of Madison issued a one-week selling period of municipal bonds in early October to fund the renovations of Olbrich Botanical Garden. Sold in $500 increments, the bonds are meant to be more accessible to residents to provide an opportunity for them to invest in their community. While these appropriately-named “community bonds” are receiving much attention, the use of bonds to fund City projects is less unusual than it may seem. David Schmiedicke, City Finance Director, says the City of Madison issues about $100 million of debt a year in the form of bonds to pay for things like facility renovations, road construction and park improvements. Typically, these investments are sold in $5,000 denominations.